Investment News | 25 June 2024

Round-up of the latest deals done in Derby

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A number of deals have been done in Derby over the past few weeks, with Derbion leading the way with the announcement of some significant new arrivals.

Leading British fashion and lifestyle brand White Stuff is taking space at the shopping centre, as is value retailer B&M.

White Stuff’s 1,500 sq ft store will showcase the brand’s iconic collections of womenswear and menswear, alongside accessories.

B&M will open its 25,500 sq ft, the store at the end of July selling a range of branded products, including groceries, homeware, toys, DIY and health and beauty, is set to open on Friday 26 July.

The arrivals follow the announcement that over £5 million is being invested at Derbion in three new concept stores for JD, New Look and Ann Summers.

Beth McDonald, managing director at Derbion, said: “We’ve been on a journey of evolution at Derbion with a progressive leasing strategy that optimises the offer from our current retailers while attracting new brands.

“With more exciting names to arrive soon, there is a clear sense of confidence in the centre.”

In the office market, flex office provider Cubo has announced it is to open a second workspace in Derby – with law firm Geldards as its flagship occupier.

The private equity-backed firm has taken a new lease on Number One Pride Place, on Pride Park, which was formerly Geldards’ Derby office.

The new Cubo will feature 18,000 sq ft of office accommodation arranged over three floors, with 450 desks available.

The site will complement the accommodation already available at the Cubo workspace at The Old Post Office on Victoria Street, which was the first Cubo to open its doors back in March 2020.

Finally, agents BB&J Commercial is helping specialist child exploitation charity Safe and Sound realise its plans to create a new safe space in Derby city centre.

The charity has secured the purchase of 8 Bold Lane, a former restaurant in Derby’s Cathedral Quarter.

It will enable the charity’s specialist team to support more young people and families, while also providing a broader range of services.

Safe and Sound’s chair, Mark Richardson, who is also a partner at BB&J Commercial, played a significant role in the acquisition.

He said: “I was delighted to use my professional experience to act for them in the acquisition of these new premises.

“The purchase of 8 Bold Lane is a milestone moment for Safe and Sound, the wider voluntary sector, and for the vibrancy of the city centre.”

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